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The Euro remains heavily shorted by retail traders

News by Allie Longford on 20:57 EST Octuber 15, 2017
Retail traders remain aggressively short against the euro at the start of the third week of October.

EURUSD weakness warns of another leg down

Tech analysis by Simon Kazinsky on 12:16 EST Octuber 09, 2017
The pair hit resistance on the moving average that has previously acted as support on the monthly chart and now, as tends to happen, appears to serve as resistance.

FED leaves rate unchanged will normalize its balance sheet in due course

News by Newsroom on 14:07 EST July 26, 2017
Nothing unexpected on the FED statement on Wednesday.

FED Yellen: Not another financial crisis in 'our lifetimes'

News by Allie Longford on 10:02 EST June 28, 2017
Probably marking the top, Yellen said at an event yesterday in London:

Euro ramping higher on ECB Draghi comments

News by Newsroom on 09:57 EST June 27, 2017
The euro surged to 1.128, its highest in over a week against the dollar on Tuesday, after European Central Bank President Mario Draghi said factors weighing on inflation in the euro zone were temporary and the Bank could look through them.

The Kiwi melts up after the RBNZ left rates unchanged

News by Newsroom on 00:44 EST June 22, 2017
The Reserve Bank of New Zealand (RBNZ) left te cash rate unchanged at 1.75% as expected and delivered a neutral policy bias, indicating that interest rates are likely to remain on hold for “a considerable period” on Thursday.

Sterling sharply lower as BoE Carney dismisses a rate hike

News by Allie Longford on 10:15 EST June 20, 2017
The British pound takes a dive on Tuesday after BoE Governor Mark Carney dampened expectations for a rate hike saying it's not the time yet.

Housing starts, further evidence of a weakening economy

News by Newsroom on 08:55 EST June 16, 2017
After a very disappointing retail sales report released earlier this week a new red light appears on the dashboard of the US economy.

Bank of England divided on holding interest rates at historic low

News by Allie Longford on 08:43 EST June 15, 2017
Rising inflation presently at 2.9% annual widened the divide at Bank of England on Thursday as three members voted to hike interest rates.

Fed does not dissapoint and raises rate and markets shrug it off

News by Newsroom on 14:07 EST June 14, 2017
The Fed did raise its fund rate by a quarter to 1.25% on Wednesday.

Two mid size Spanish banks down the sinkhole in less than a week

News by Allie Longford on 07:30 EST June 09, 2017
Annualized Spanish GDP runs at 3.3% according to the latest figures from INE and unemployment has been continuously reduced quarter after quarter for the past three years.

ECB Mario Draghi live June press conference feed

News by Newsroom on 08:20 EST June 08, 2017
The ECB chairman addresses the press after keeping the minimum bid rate at 0% as expected.

ECB leaves minimum bid rate at 0 as expected

News by Newsroom on 07:51 EST June 08, 2017
No surprise, the ECB left its key rate at 0.0%.

Euro zone growth revised up to highest rate in a year in first quarter

News by Newsroom on 05:46 EST June 08, 2017
Gross domestic product rose by 0.6% above 0.5% estimated previously.

Most loved and hated currency pairs by retail traders

News by Simon Kazinsky on 09:42 EST June 07, 2017
Retail traders have positioned their-selves aggressively long on USDCHF just as the pair breaks lower in what appears the death of any hope for it to cross and maintain above parity as it sharply breaks all short, medium and long term supports.

EURUSD recovery underway

News by Simon Kazinsky on 11:34 EST May 19, 2017
The chart shows that EURUSD has broken above a moving average on the weekly chart that has held previous attempts to recover for the most popular currency cross.

US total nonfarm payroll employment disapoints and stocks dive again

News by Newsroom on 08:46 EST April 07, 2017
The latest NFP report released on Friday shows 98,000 were created last month, much lower thaan the 174,000 forecast.

ECB Draghi dispels rumours

News by Newsroom on 09:02 EST April 06, 2017
Speaking at the Watchers Conference organized by Goethe University, in Frankfurt the central banker has tried to end speculation that the ECB’s experiment with negative interests will finish before the end of the year after his counter part at the FED mentioned on Wednesday the US central bank might be ready by the end of the year to start shrinking its balance sheet.

ECB's Draghi press conference highlights

News by Newsroom on 08:46 EST March 09, 2017
Mario Draghi addressess the press after the ECB decided to keep policy unchanged at its March meeting.

Initial Jobless Claims rise in the US

News by Newsroom on 08:32 EST March 09, 2017
First time jobless claims rose in the US in the month of February.

What a crash after a good long run looks like

News by Simon Kazinsky on 04:49 EST February 27, 2017
The Mexican peso put an end last week to its continued decline and made a whooping 10% gain in just a few sessions against its US counterpart.

Dollar accelerates while euro dives

News by Allie Longford on 03:24 EST February 22, 2017
The dollar was king during the Asian trading session on early Wednesday.

Eurozone business growing at its fastest in 5 years

News by Newsroom on 06:59 EST February 21, 2017
Eurozone private sector and manufacturing growth accelerated close to a six-year high in February and job creation reached its fastest since August 2007, pushed by strong demand and optimism according to the latest IHS Markit's survey.

Euro-zone consumer confidence sinks to 3-month low

News by Newsroom on 12:18 EST February 20, 2017
The flash reading for Euro-zone consumer confidence indicator declined to -6.2 for February from a final -4.9 in January even lower than expectations of an unchanged reading at -4.9.

UK manufacturing strong in February and so are prices

News by Newsroom on 08:32 EST February 20, 2017
British manufacturers orders growing at the strongest pace in two years this month, but the fall in the value of the pound is pushing up prices sharply, an industry survey showed on Monday.

Philadelphia Fed Manufacturing hits six year high

News by Allie Longford on 09:06 EST February 16, 2017
Optimism is on the air as The Philadelphia Federal Reserve Bank manufacturing survey rose to 43.3 in February, following an increase to 23.6 the previous month, the highest level since 2011.

Dollar strong but stocks lagging on Wednesday trading

News by Newsroom on 08:41 EST February 15, 2017
The dollar continues strong as we progress through the week while stocks take a break from their relentless spree.

Dollar marginally up as Yellen hints will not wait long for a rate hike

News by Newsroom on 11:37 EST February 14, 2017
The Euro trades lower on Tuesday against the dollar as most of other currencies and asset classes as FED chair Yellen hints the next rate hike in the US may be near.

Forex broker FXCM banned for life from CFTC and asked to pay millions

News by Allie Longford on 20:21 EST February 06, 2017
Yet another forex broker scandal emerges as FXCM agrees to withdraw its registration and never to seek re registering ever again with the CFTC, effectively banning it from operating in the United States.

Unemployment Rate goes through the roof in New Zealand

News by Newsroom on 16:50 EST January 31, 2017
The unemployment rate rose to 5.2 percent in the December 2016 quarter, up from 4.9 percent in the previous quarter, though employment and the labour force continued to grow, Statistics New Zealand said on Wednesday.